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  • 🏠Berkshire finds Tarrant homey + Loews Corp adds another Arlington hotel

🏠Berkshire finds Tarrant homey + Loews Corp adds another Arlington hotel

➕People on the move & more 🦷bite-size news you can use

August 16, 2023

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🗞️NEWS OF THE DAY:

Nike closed The Oven, but Artisan Golf made golf clubs from Fort Worth hot again. In August 2016, Nike Golf shut down club manufacturing at its R&D headquarters in Fort Worth. But, for $100,000, two North Texans took control of the property and fanned a new flame in the industry.

Artisan offers 12 different head styles for putters.

Charles Schwab Corp. said it is experiencing temporarily lower net flows of client money as it sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business. The company has also stepped back from certain custodial relationships that Ameritrade had offered to institutional clients, Charles Schwab Chief Financial Officer Peter Crawford said.

The Tarrant County Hospital District, selected by county commissioners, last week voted to approve a $1.5 billion budget and a tax rate of 22.4429 cents per $100 of assessed value. The 5 county commissioners instead voted to lower the tax rate to 19.45 cents per $100 of assessed value.

Berkshire Hathaway this week disclosed new investments in three homebuilders, including D.R. Horton, which is headquartered in Arlington. Berkshire said it owned about 5.97 million D.R. Horton shares worth approximately $726.4 million.

Loews Corp. has added another hotel to its portfolio in the Arlington Entertainment District, purchasing the 311-room Sheraton Arlington Hotel, located about a mile from its other properties and north of the Texas Rangers ballpark, according to The Real Deal. The plan is to demolish the Sheraton and build a new hotel and parking garage. Loews Arlington Hotel and Convention Center is under construction across the street from the company’s existing Live! by Loews property.

The Sheraton Arlington Hotel will be demolished by Loews Corp.

Reunion Rehabilitation Hospital in Arlington is open. It is a three-story, 50,800-square-foot complex with medical staff rooms and expansive dayrooms for patients, food services and dining areas, fitness and physical therapy spaces and an outdoor courtyard.

Colliers International facilitated the sale of 12600 Willow Springs Road, a three-story office property in Fort Worth. The seller and buyer are private investors represented by Colliers.

Inc. is out with its annual list of the 5,000 fastest-growing private companies, based on % revenue growth over a 3-year period (2019-2022). A number of DFW and Tarrant-based firms made the list. Here are the 10 highest-ranking companies from Tarrant County:

  • #14, eTrueNorth, Mansfield

  • #175, TimelyCare, Fort Worth

  • #572, Valor, Fort Worth

  • #650, SIO Logistics, Southlake

  • #660, Aulsbrook Law Firm, Arlington

  • #1,247, BILT Incorporated, Grapevine

  • #1,541, Elgin, Arlington

  • #1,641, First Cut Lawn Services, Fort Worth

  • #1,794, VRIT Tech, Hurst

  • #1,921, Eosera, Fort Worth

đź‘źPEOPLE ON THE MOVE:

  • Fort Worth Chamber: Katie Douglass has left her position as Executive Vice President-Marketing

  • Pham Harrison: Hires Tucker Sowells, Associate Attorney

  • SolomonEdwards: Names Susan Hicks Director of National Sales & Marketing

  • Positive Behavior Supports: Adds Rebecca Morgan as Analyst

  • Fort Worth Country Day: Names Dr. Amy Witten Assistant Head of School for Academics & Student Services

  • Valor: Hires Lindsay Hall as Director of Client First

⌚TODAY IN HISTORY (August 16):

  • 1954: The first issue of Sports Illustrated magazine is published.

  • 1962: Steve Carell, actor and comedian born.

  • 1977: Rock and roll legend Elvis Presley dies at age 42.

Everyone said to Vincent van Gogh, “You can’t be a great painter, you only have one ear.” And you know what he said? “I can’t hear you.”

—Steve Carell

✂️SNIPPETS:

  • A Lowe’s Home Improvement is coming to Haslet on Avondale Rd and Hwy 287 according to a recent filing. The estimated cost for the build is $10.5M, with construction to be completed next June.

  • News you can use: If you're self-employed and use your car, SUV or other vehicle for business, you can deduct certain business-related vehicle expenses.

  • Construction has begun on the Phase 1 expansion of the Fort Worth Convention Center.

  • As the nation’s fastest-growing city, Fort Worth embraces “Yellowstone” mania.

  • US housing market recoups $3T lost in recent slowdown.

  • The Fed is playing a waiting game to try to avoid a recession.

  • Airlines can’t add high-end seats fast enough as travelers treat themselves to first class.